Apartments on 8th | 310 8th St S
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Apartments on 8th 310 8th St S
30 Unit Apartment Building For Sale Fargo, ND 58103
Investment Highlights
- Upscale, luxury apartments with ideal location in historic Hawthorne neighborhood
- Easy walking distance to Downtown Fargo
- 100% occupied with many long-term tenants and minimal vacancy & unit turnover
- Units overlooking scenic 8th St S or with views of beautiful Island Park & Downtown Fargo
- Underground heated parking and concrete on-site parking
- 3rd floor units feature vaulted cathedral ceilings and skylights
Executive Summary
Goldmark Commercial is excited to present a rare opportunity to acquire a 30-unit luxury apartment building through an online auction closing on December 19th @ https://goldmark.placebids.net/auctions. This is a unique chance for qualified buyers to secure the type of trophy asset that is rarely made available to the public.
Situated on picturesque, tree-lined 8th Street South in Fargo’s historic Hawthorne neighborhood, this property offers an unparalleled investment opportunity. This is a highly coveted apartment asset with an ideal location, making it a truly exceptional addition to any portfolio. Opportunities like this rarely come to market - this is not to be missed!
Key Information for Prospective Buyers:
• Auction Dates:
o Bidding Opens: December 17th, 2024 @ 8 am Central
o Bidding Closes: December 19th, 2024 @ 10 am Central
• Brochure & Auction Terms: Download the full property brochure here. Please review the Auction Terms & Conditions located on the last page of the brochure.
• Buyer Registration & Pre-Approval: All buyers must register and be pre-approved to participate in the online auction @ https://goldmark.placebids.net/auctions.
• Due Diligence Materials: To access the complete set of due diligence materials—including financial history, a recent property inspection report, recent appraisal, auction purchase agreement, and more—please sign the online Non Disclosure Agreement here.
• Property Previews: We invite prospective buyers to tour select units and common areas on the following preview dates:
o November 7th, 11-2 (Central)
o November 20th, 11-2 (Central)
o December 3rd, 11-2 (Central)
Situated on picturesque, tree-lined 8th Street South in Fargo’s historic Hawthorne neighborhood, this property offers an unparalleled investment opportunity. This is a highly coveted apartment asset with an ideal location, making it a truly exceptional addition to any portfolio. Opportunities like this rarely come to market - this is not to be missed!
Key Information for Prospective Buyers:
• Auction Dates:
o Bidding Opens: December 17th, 2024 @ 8 am Central
o Bidding Closes: December 19th, 2024 @ 10 am Central
• Brochure & Auction Terms: Download the full property brochure here. Please review the Auction Terms & Conditions located on the last page of the brochure.
• Buyer Registration & Pre-Approval: All buyers must register and be pre-approved to participate in the online auction @ https://goldmark.placebids.net/auctions.
• Due Diligence Materials: To access the complete set of due diligence materials—including financial history, a recent property inspection report, recent appraisal, auction purchase agreement, and more—please sign the online Non Disclosure Agreement here.
• Property Previews: We invite prospective buyers to tour select units and common areas on the following preview dates:
o November 7th, 11-2 (Central)
o November 20th, 11-2 (Central)
o December 3rd, 11-2 (Central)
Property Facts
| Sale Type | Investment | Lot Size | 0.90 AC |
| No. Units | 30 | Building Size | 56,576 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid Rise | Year Built | 1994 |
| Building Class | C | Parking Ratio | 1.01/1,000 SF |
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.90 AC |
| Building Size | 56,576 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1994 |
| Parking Ratio | 1.01/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Wi-Fi
- Dining Room
- Family Room
- Pantry
- Patio
- Skylights
- Smoke Free
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Smoke Free
- Walking/Biking Trails
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 823 - 924 |
| 2+1 | 6 | - | 1,081 - 1,145 |
| 2+2 | 14 | - | 1,232 - 1,400 |
| 3+2 | 6 | - | 1,494 - 1,580 |
Walk Score ®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 01-2240-03521-000 | Improvements Assessment | $1,617,050 |
| Land Assessment | $68,500 | Total Assessment | $1,685,550 |
PROPERTY TAXES
Parcel Number
01-2240-03521-000
Land Assessment
$68,500
Improvements Assessment
$1,617,050
Total Assessment
$1,685,550
zoning
| Zoning Code | MR-3 (multi-dwelling residential zoning district) |
| MR-3 (multi-dwelling residential zoning district) |
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Apartments on 8th | 310 8th St S
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